Copper rebounds modestly, European equities rise

COMEX Copper futures edged up today after witnessing hefty losses in last session but overall movement was mixed. In Asia, China?s Shanghai Composite index added 0.19%. Hong Kong?s Hang Seng index rose 0.51%. Japan?s Nikkei 225 index eased 0.38%. European markets moved up. German DAX rose around 1%. The US major stock indexes finished mostly lower on Friday due to a continued technology selloff that rattled the markets and the rise in oil prices from the ongoing U.S.-Iran war. The benchmark S&P 500 closed down 0.5%, while the tech-heavy Nasdaq Composite shed 0.2%, and the blue-chip Dow ended down 1.2%. COMEX Copper futures are currently up 0.22% at $6.52 per pound. MCX Copper is up 0.68% at Rs 1392.35 per kg after hitting above Rs 1396 per kg.

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